# PPP loan: WEBB CONCRETE INC.
> **$308K** approved 04/06/2020 · Paid in Full · Loan `5965027010`
## Borrower
- **Name:** WEBB CONCRETE INC.
- **Address:** 2546 POSTEL AVE, INDEPENDENCE, IA, 50644-9353
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $308K
- **Initial approval:** $308K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Jobs reported:** 23
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*